Goodwill is an intangible asset that is an accounting construct that is not directly paid for in a transaction.
In other news- this is completely dead. Obviously.
What Is Liquidation? Liquidation in finance and economics is the process of bringing a business to an end and distributing its assets to claimants. It is an event that usually occurs when a company is insolvent, meaning it cannot pay its obligations when they are due. As company operations end, the remaining assets are used to pay creditors and shareholders, based on the priority of their claims.
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